What does juice mean in sports betting?
Juice is another name for vig, which is the cut or amount charged by a sportsbook for taking a bet. The sportsbook only collects the juice if the bettor loses the wager.
For example, a point spread is often listed with -110 odds. If the Eagles are -6.5 point favorites, that would be at -110 odds. If there was no juice, it would be at even odds, or +100. With the juice, a $100 bet would result in a $190 payout. If there was no juice, a $100 bet would result in a $200 payout. This simply means if you want to win $100, you'd have to bet $110 because of the juice and when the bet loses, that $10 goes straight to the sportsbook.
Of course, not all sportsbooks are the same and sometimes regular odds are listed at -115 or -120. As more states legalize sports betting, the variety in juice across states will be a talking point. That's because a lot of in-person sportsbooks take a higher cut of bets than online sportsbooks, who receive more bets because they are more widely accessible. While each state has different rules, there are certain states where sportsbooks have a higher juice across the board, no matter where you wager.
There are also situations where -110 odds would push to -120 or higher because that bet is getting a lot of money. If a lot of people are betting the Eagles at -6.5 (public money) and the sportsbook doesn't want to move that number to -7, they'll push the odds to -120 or -130, meaning a $100 bet would result in an even smaller payout.
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To do parlays on DraftKings, you need to create a DraftKings Sportsbook account and put the bets you want in your DraftKings parlay into the bet slip.
How to bet on DraftKings
To bet on DraftKings, create a sports betting account, download the DraftKings Sportsbook mobile app, and find the betting outcome you want to bet on.
Where is DraftKings legal?
DraftKings is legal for sports betting via the DraftKings Sportsbook mobile app, website or retail location in close to 20 U.S. states and 44 for DFS.
How to bet on FanDuel
You can bet on FanDuel in many ways. Once you have an account, you are able to bet on props, futures, moneylines, spreads, totals, and much more.
Where is FanDuel Sportsbook legal?
FanDuel Sportsbook is legal in 16 states. These states are AZ, CO, CT, IA, IL, IN, KS, LA, MI, NJ, NY, PA, TN, VA, WV, and WY with more coming soon.
How to do parlays on FanDuel
To bet parlays on FanDuel, you must choose multiple bets within a game OR choose multiple betting markets from other games to create a parlay ticket.
How to bet moneyline on FanDuel
To bet moneylines on FanDuel, choose a game to wager on, and then select the moneyline market. Then, place your bet with your desired wager amount.
Does FanDuel pay real money?
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
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